Abstract
This study offers a comparative analysis of innovation strategies employed in East-Asia, with a specific focus on Japan, South-Korea, Taiwan, and China. By examining these models, we explore the factors contributing to Japan’s recent challenges, while acknowledging the substantial efforts South-Korea, Taiwan, and China have produced. It uncovers key similarities and differences among these countries, laying the foundation for a nuanced understanding of regional dynamics. Additionally, this article proposes a definition of innovation tailored to the East-Asian setting to capture the intricate interplay of cultural, societal, and economic factors, and introduces a personalized index of innovation, which considers the recent efforts introduced by each state, offering a comprehensive evaluation framework that allows for a holistic assessment of their innovation performance. In conclusion, we offer insights for Japan's revival prospects. Drawing upon the successful strategies of these neighboring countries directed towards re-boosting Japan’s position as a Global Innovation Leader.
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